Cover-the-Cost Programs
If you are tired of paying exorbitant fees for taking card payments, then look no further with PolyPay’s Cover-the-Cost programs. These programs give your business an opportunity to lower payment processing fees up to 90%, keeping your hard-earned cash in your pocket. Options include Cash Discounting, Surcharging and Convenience Fees. PolyPay will help to determine which program is the best fit for your business type, and then ensure that the program is successfully implemented according to card brand rules and local state laws.
Cash Discounting – Provide a % discount to transactions paid by cash or check. No limit to the discount amount. Build in the discount amount to your listed pricing so that all card payment fees are covered 100% of the time.
Surcharging – Assess a fee, up to 3%, that will apply to all credit card transactions. A surcharge cannot not apply to debit card, cash, check and store credit transactions.
Convenience Fees – Assess a fee to card-not-present transactions completed outside the “normal” payment channel. For example, a business primarily takes payment in-store but offers an online payment channel as a convenience, so the convenience fee can be assessed to those online transactions.
